Teachers Federal Credit Union Bonuses: $100, $300, $600, $1000 Checking Promotions (Nationwide)

Find the latest Teachers Federal Credit Union bonuses, promotions, and top offers here.

Update 3/21/25: There is now a $600 bonus available available at the Tampa Westshore Branch for limited time and the $300 bonus has been extended through 6/30/25.

About Teachers Federal Credit Union Bonuses

Teachers Federal Credit Union is headquartered in Hauppauge and is the 3rd largest credit union in the state of New York. It is also the 28th largest credit union in the nation. It was established in 1952 and as of March of 2022, it had grown to 812 employees and 414,861 members at 32 locations.

Eligibility: Membership in Teachers Federal Credit Union is open to anyone, regardless of residency status. The only requirement is a $1 deposit. See current membership details.

I’ll go over the Teachers Federal Credit Union offers below.

Teachers Federal Credit Union $600 Checking Bonus (Tampa Westshore Branch)

Earn up to $600 in bonuses when you open an eligible Teachers Federal Credit Union checking account with qualifying activity.

• What you’ll get: Up to $600 Bonus
• Eligible account: Checking
• Availability: Nationwide. (Bank Locator) *Tampa Westshore Branch*
• Credit Inquiry: Hard Pull or Soft Pull? Let us know
• Direct Deposit Required: Optional. Yes for full bonus
• Monthly Fees: $0
• How to earn it:
  • Open a new Teachers checking account with direct deposit using offer code TAMPA600 and earn up to a $600 cash bonus.
  • $400 Direct Deposit Offer:
    • Earn $100 per month for up to 4 months by completing the following requirements:
      • Open a new Teachers checking account
      • Receive at least $1,000 in monthly direct deposits
  • $200 Debit Card Cash Back Offer:
    • Earn up to $50 per month for up to 4 months by completing the following requirements
      • Open a new Teachers checking account with a debit card
      • Use your Teachers Debit Card and earn 2% cash back on purchases up to $500 and 5% cash back on purchases over $500 per month

(Limited time offer)

Fine Print

• Direct Deposit & Debit Card Cash Back Offers: Earn up to $600 in cash bonuses.
• Direct Deposit Offer: The up to $400 cash bonus will be earned by opening a new Teachers checking account and receiving qualifying direct deposits totaling at least $1,000 each monthly statement cycle (“Evaluation Period”) for four consecutive Evaluation Periods. Qualifying direct deposits are defined as an ACH/electronic deposit(s) of payroll from your employer, pension, or government benefits such as Social Security. Deposit(s) that do not qualify for this promotion include but are not limited to: ACH external transfers, any Peer-to-Peer (“P2P”) transfers such as from Venmo, PayPal, Cash App, Zelle®, merchant transactions, or point-of-sale credits such as, but not limited to: transactions from PayPal, Stripe, Square, etc, in-person check or cash deposits, wire transfers, ATM transfers, and Online and Mobile Banking transfers. Micro-deposits and/or deposits used to verify accounts do not qualify. A maximum cash bonus of $400 will be earned and deposited in $100 increments after each Evaluation Period, in which $1,000 in qualifying direct deposits are posted to the new Teachers checking account. No bonuses shall be paid for qualifying direct deposit(s) totaling less than $1,000 during any Evaluation Period. Direct deposit(s) must begin before the start of the second Evaluation Period. Any member that fails to meet the minimum requirements and/or discontinues their direct deposit(s) during or before the four consecutive Evaluation Periods will no longer be eligible to receive any additional bonuses during the promotion.
• Debit Card Cash Back Offer: The up to $200 cash bonus will be earned by opening a new Teachers checking account with a Teachers debit card linked to that account. Members will earn 2.00% cash back on the first $500 of qualifying debit card purchases and 5.00% cash back on purchases over $500 per month. A maximum bonus of up to $50 in cash back can be earned each Evaluation Period. Qualifying debit card purchases do not include and may not be limited to ATM/point-of-sale cash back transactions, P2P payments, loan payments, account funding, refunds and disputed or unauthorized transactions.
• For accounts opened online, you must use offer code TAMPA600 to be eligible.
• Additional Program Guidelines/Restrictions: Offers valid as of 09/23/2024. These offers are available to new members only. Non-member joint account holders are not eligible. All account applications are subject to approval. A new Smart Checking, Share Draft Checking, or Young Professional Checking account must be opened to be eligible. Eligibility for these offers will also require enrollment in Online Banking and eStatements. Direct deposits and debit card transactions must post and clear in the new checking account during the Evaluation Periods defined in this promotion. Members will be granted a one Evaluation Period grace period and will have until the end of the second Evaluation Period to meet the requirements. After each Evaluation Period in which the offer requirements have been met, any earned cash bonuses will be deposited to the primary member’s Regular or Youth Savings account within 30 calendar days. The checking account must be open and in good standing with a balance greater than or equal to $0.00 in order to be eligible for the cash bonus. These offers are limited to one per primary member. Business and trust accounts are not eligible. These offers may be combined with the Refer-a-Friend promotion. Teachers Federal Credit Union reserves the right to modify or discontinue this offer at any time. We also reserve the right to rescind any cash bonus paid if there is a violation of the terms, requirements, and/or promotional guidelines of these offers. The cash bonuses earned will be reported on IRS Form 1099-MISC (or Form 1042-S, if applicable). Membership at Teachers is required by opening a Regular Savings account or Youth Savings account with a minimum opening deposit of $1.00.

Teachers Federal Credit Union $300 Checking Bonus

Earn up to $300 in bonuses when you open an eligible Teachers Federal Credit Union checking account with qualifying activity.

• What you’ll get: Up to $300 Bonus
• Eligible account: Checking
• Availability: Nationwide. (Bank Locator)
• Credit Inquiry: Hard Pull or Soft Pull? Let us know
• Direct Deposit Required: Optional. Yes for full bonus
• Monthly Fees: $0
• How to earn it:
  • Open a new Teachers checking account with direct deposit using offer code JOIN25 and earn up to a $300 cash bonus.
  • $200 Direct Deposit Offer:
    • Earn $50 per month for up to 4 months by completing the following requirements:
      • Open a new Teachers checking account
      • Receive at least $1,000 in monthly direct deposits
  • $100 Debit Card Cash Back Offer:
    • Earn up to $25 per month for up to 4 months by completing the following requirements
      • Open a new Teachers checking account with a debit card
      • Use your Teachers Debit Card and earn 2% cash back on purchases up to $500 and 3% cash back on purchases over $500 per month

(Expires 06/30/2025)

Fine Print

• Direct Deposit & Debit Card Cash Back Offers: Earn up to $300 in cash bonuses.
• Direct Deposit Offer: The up to $200 cash bonus will be earned by opening a new Teachers checking account and receiving Qualifying Direct Deposits (“QDDs”) totaling at least $1,000 each monthly statement cycle (“Evaluation Period”) for four consecutive Evaluation Periods. QDDs are regular ACH/electronic payroll deposits to your newly opened checking account directly from your employer, pension provider, or government agency (e.g., Social Security). QDDs from third-party providers like Wise, Inc., or Astra are not eligible. Additional deposit(s) that do not qualify for this promotion include but are not limited to: ACH external transfers, any Peer-to-Peer (“P2P”) transfers such as from Venmo, PayPal, Cash App, Zelle®, merchant transactions, or point-of-sale credits such as, but not limited to: transactions from PayPal, Stripe, Square, etc, in-person check or cash deposits, wire transfers, ATM transfers, and Online and Mobile Banking transfers. Micro-deposits and/or deposits used to verify accounts do not qualify. A maximum cash bonus of $200 will be earned and deposited in $50 increments after each Evaluation Period, in which $1,000 in QDDs are posted to the new Teachers checking account. No bonuses shall be paid for QDDs totaling less than $1,000 during any Evaluation Period. QDDs must begin before the start of the second Evaluation Period. Any member who fails to meet the minimum requirements and/or discontinues their QDDs during or before the four consecutive Evaluation Periods will no longer be eligible to receive any additional bonuses during the promotion.
• Debit Card Cash Back Offer: The up to $100 cash bonus will be earned by opening a new Teachers checking account with a Teachers debit card linked to that account. Members will earn 2.00% cash back on the first $500 of Qualifying Debit Card Purchases (“QDPs”) and 3.00% cash back on the next $500 of purchases. A maximum bonus of up to $25 in cash back can be earned each Evaluation Period. QDPs do not include and may not be limited to ATM/point-of-sale cash back transactions, P2P payments, loan payments, account funding, refunds and disputed or unauthorized transactions.
• For accounts opened online, you must use offer code JOIN25 to be eligible.
• Additional Program Guidelines/Restrictions: Offers valid from 02/19/2025 to 06/30/2025. These offers are available to new members only. Non-member joint account holders are not eligible. All account applications are subject to approval. A new Smart Checking, Share Draft Checking, or Young Professional Checking account must be opened to be eligible. Eligibility for these offers will also require enrollment in Online Banking and eStatements. QDDs and QDPs must post and clear in the new checking account during the Evaluation Periods defined in this promotion. Members will be granted a one Evaluation Period grace period and will have until the end of the second Evaluation Period to meet the requirements. After each Evaluation Period in which the offer requirements have been met, any earned cash bonuses will be deposited to the primary member’s Regular or Youth Savings account within 30 calendar days. The checking account must be open and in good standing with a balance greater than or equal to $0.00 in order to be eligible for the cash bonus. These offers are limited to one per primary member. Business and trust accounts are not eligible. These offers may be combined with the Refer-a-Friend promotion. Teachers Federal Credit Union reserves the right to modify or discontinue this offer at any time. We also reserve the right to rescind any cash bonus paid if there is a violation of the terms, requirements, and/or promotional guidelines of these offers. The cash bonuses earned will be reported on IRS Form 1099-MISC (or Form 1042-S, if applicable). Membership at Teachers is required by opening a Regular Savings account or Youth Savings account with a minimum opening deposit of $1.00.

Teachers Federal Credit Union $100 Student Checking Bonus (Expired)

Earn a $100 bonus when you open an eligible Teachers Federal Credit Union checking account with qualifying activity.

• What you’ll get: $100 Bonus
• Eligible account: Checking
• Availability: Nationwide. (Bank Locator)
• Credit Inquiry: Hard Pull or Soft Pull? Let us know
• Direct Deposit Required: No
• Monthly Fees: $0
• How to earn it:
  • Open a new Teachers checking account with a debit card and earn up to a $100 cash back bonus.
  • Earn $25 per month for up to 4 months by completing the following requirements:
    • Open a Teachers checking account with a debit card.
    • Make 10 debit card transactions per month.
    • Enroll in Online Banking and eStatements.

(Limited time offer)

Fine Print

• High School and College students can earn up to $100 cash bonuses.
• The $100 cash bonus will be earned by opening a new Teachers checking account and using your Teachers debit card for 10 purchase transactions each monthly statement cycle (“Evaluation Period”) for four consecutive Evaluation Periods.
• A high school or college identification is required to open the Teachers checking account and be eligible for this promotion.
• This offer can only be redeemed at a Teachers branch location.

Teachers Federal Credit Union $1,000 Deposit Bonus (Expired)

• What you’ll get: Up to $1,000 Bonus
• Eligible account: Checking, Savings, CD
• Availability: Nationwide.
• Credit Inquiry: Hard Pull or Soft Pull? Let us know
• Direct Deposit Required: No
• Monthly Fees: $0
• How to earn it:
  • Open an account and enter code NM2024 to enroll in this limited-time offer.
  • For a limited time, you can earn up to a $1,000 cash bonus.
  • Simply deposit qualifying funds to your accounts and maintain your balances for 90 days from date of enrollment to unlock your cash bonus
  • The more you deposit, the more you earn.

(Limited time offer)

Fine Print

• New Money Offer: Earn up to a $1,000 cash bonus. This offer is for new and existing members. Cash bonuses are earned based on a tiered payout structure and determined by the amount you grow your deposit account balances through new money deposits over a 90-calendar-day period (“Tracking Period”).
• The process to enroll and qualify for the new money offer is as follows:
• You can enroll at a branch, through our Contact Center, or by phone/video appointment. You can also enroll through online account opening by entering offer code NM2024 or by completing an enrollment form via Online Banking.
• Your total combined deposit balances as of the end of the calendar day prior to your enrollment date will serve as the Starting Balance.
• You will have 14 calendar days post-enrollment to deposit new money and increase your deposit balances.
• After the 14 calendar-day period, the Tracking Period begins, where combined balances across all deposit products will be tracked for the offer.
• After the Tracking Period ends, the cash bonus will be determined by calculating the difference between the Starting Balance and the Average Daily Balance of your combined end-of-day deposit balances throughout the Tracking Period.

How To Waive Monthly Fee

• Personal Checking: No monthly fee
• Smart Checking: $0 monthly service fee

Conclusion

If you do not live near a Teachers Federal Credit Union branch, that’s okay as a membership is open to anyone, regardless of residency status making the bonuses and offers available nationwide.

Although these bank promotions are rather generous, you can also utilize our list of Savings, Money Market, and CD rates.

• Best Savings/Money Market rates
• Best CD Account rates

If you are not eligible for these promotions, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.

Check back often for more Teachers Federal Credit Union Bonuses, Promotions, or Offers!